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- UPDATE: Barroso: To Do What is Necessary to Defend the Euro
- Barroso: To Do What is Necessary to Defend the Euro
- EU Financial backstop in the works
- ForexLive US wrap-up: Relative tranquility (compared with Thursday!)
- Stocks weaken again late in session
- US consumer credit rises $1.95 bln, big upward revision to Feb
- I rarely look at the weeklies, but…
- US Sen Sanders: Hopes For Tues Senate Vote On Fed Audit Amend
- Greenspan: More Bank Cap’l, Not Prohibitions, Key to Future
- Times Square reopened
- Recovery mode, slowly but surely
- Euro zone not about to break apart, Belgium’s Quaden says
- Fed’s Plosser: Favors MBS Sales As Imprtnt Tool In Exit Strat
- Quaden:Portugal,Spain,Ireland,Italy Not In Greece’s Situation
- Greek PM: Must reaffirm confidence in the euro
- German election next hurdle to jump
- Time Sq cordoned off because of suspect package
- Fed Off’l:Greek Crisis Has Big ‘Uncertainty Effect’ on Economy
- Fed’s Plosser: Recent developments in Europe a risk to US recovery
- EU talking tough on deficits
| UPDATE: Barroso: To Do What is Necessary to Defend the Euro Posted: BRUSSELS (MNI) - After prolonged delay apparently due to disagreements over wording, the Eurozone Summit's participating countries issued a declaration early Saturday saying there is unanimous agreement to defend the euro -- "whatever it takes." In a news conference following the ... |
| Barroso: To Do What is Necessary to Defend the Euro Posted: BRUSSELS (MNI) - After prolonged delay apparently due to disagreements over wording, the Eurozone Summit's 27 participating countries issued a declaration early Saturday saying there was unanimous agreement to defend the euro -- "whatever it takes." In a news conference following ... |
| EU Financial backstop in the works Posted: EU will meet again Saturday to hash out a plan. |
| ForexLive US wrap-up: Relative tranquility (compared with Thursday!) Posted: German, Spain, Netherlands approve Greek bailout funding US nonfarm payrolls rise 290,000, unemployment rate rises to 9.9% in April; upward revisions to Feb and Mar add 190,000 jobs No progress on forming UK government as horsetrading begins No public comment after G7 conference call Strong rumors of ECB funding package for banks over weekend EU ... |
| Stocks weaken again late in session Posted: With about 45 minutes left in the trading day, the S&P has slumped again, now down about 2% on the day. This is helping drag EUR/USD, GBP/USD and AUD down a bit on mostly disinterested trade. Volumes are light and prices are mostly being marked down without a heck of ... |
| US consumer credit rises $1.95 bln, big upward revision to Feb Posted: Not a market mover in this environment, but it is worth noting that consumer credit has risen two out of the last three months. February's drop was also revised to a fall of $6.2 bln versus the original report of an $11.5 bln decline. The data suggests the US consumer is ... |
| I rarely look at the weeklies, but… Posted: I thought I'd have a gander at the dollar index over the long-term. Turns out, we broke a trendline drawn off a top dating back to 2002 yesterday. That line comes in at 84.53 with the front futures contract trading now at 84.65. A close above the 84.53 level suggests ... |
| US Sen Sanders: Hopes For Tues Senate Vote On Fed Audit Amend Posted: --Maverick Senator Says Amendment Seeks 'Transparency' At Fed --Never His 'Intent' To Dictate Monetary Policy --One-Time Audit To Examine Fed's Role Since 2007 --GAO Study Would Be 'Unprecedented, Historic' Probe By John Shaw WASHINGTON (MNI) - Sen. Bernie Sanders, an independent from Vermont, said Friday that he is pushing for ... |
| Greenspan: More Bank Cap’l, Not Prohibitions, Key to Future Posted: By Steven K. Beckner CHICAGO (MNI) - The key to minimizing damage from future financial crises is ensuring that financial institutions have adequate capital, not restricting their activities, former Federal Reserve Chairman Alan Greenspan said Friday. Greenspan, speaking at the Federal ... |
| Posted: It was a cooler of water bottles, not a toxic Greek debt bomb that prompted the evacuation of Times Square. The crossroads of the world have now been reopened... |
| Recovery mode, slowly but surely Posted: EUR/USD, Cable, AUD...all are on the mend in very quiet afternoon trade. They are not getting much help from Wall Street, with the S&P still down a percent on the day, so it looks like the market is getting a bit directional. USD/JPY is trading with an easier tone as ... |
| Euro zone not about to break apart, Belgium’s Quaden says Posted: Well there you have it, assurances that the euro zone won't break apart from a central banker who's country may break apart... |
| Fed’s Plosser: Favors MBS Sales As Imprtnt Tool In Exit Strat Posted: --Will Need To Begin Withdrawing Mon Stim Before Unemployment Rate Down --Turmoil From Greece Could Setback US Recovery By Brai Odion-Esene WASHINGTON (MNI) - Charles Plosser, President of the Philadelphia Federal Reserve, said Friday he views sales of the central bank's holdings of mortgage-backed securities as "an ... |
| Quaden:Portugal,Spain,Ireland,Italy Not In Greece’s Situation Posted: FRANKFURT (MNI) - The Eurozone member states widely thought of as being in the same kind of fiscal trouble as Greece are not really in the same boat, European Central Bank Governing Council member Guy Quaden said in an interview released Friday. ... |
| Greek PM: Must reaffirm confidence in the euro Posted: Speaking before the EU summit, Papandreiou says that the Greek government is determined to move forward with reform and s determined to change Greece's path to one of growth and prosperity. Nice words; let's see if he can pull it off. With Greek two-year debt yielding 22%, the market thinks not... |
| German election next hurdle to jump Posted: One reason Germany has dragged its heels so long on the Greek debt crisis is that Merkel was hoping to get the local election in North Rhine-Westphalia out of the way before having to take action. No such luck. Her party now has to face the voters having contributed 20-odd billion ... |
| Time Sq cordoned off because of suspect package Posted: A big chunk of Time Square in midtown Manhattan has been evacuated while police investigate a suspicious package. |
| Fed Off’l:Greek Crisis Has Big ‘Uncertainty Effect’ on Economy Posted: -- Doesn't See Big Interest Rate Effect on Housing -- Higher Dollar Could Exert Drag on Exports, Manufacturing By Steven K. Beckner CHICAGO (MNI) - Federal Reserve officials continued Friday to monitor the Greek debt crisis and tried to analyze its potential implications for the U.S. economy and ... |
| Fed’s Plosser: Recent developments in Europe a risk to US recovery Posted: Financial market turmoil could retard US recovery US recovery not expected to be as strong as normal after a deep recession Expect payroll growth to strengthen the rest of this year and next Inflation subdued near-term, upside risks medium and long-term |
| Posted: An "EU source" sells Reuters that the declaration from today's EU summit will vow budget discipline across the euro zone as well as the potential for a change in the EU Treaty to tighten up budget rules. Rules are made to be broken, so it remains to be seen if the ... |
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